The Dax also remained stable above 17,000 points on Tuesday. Neither upcoming events such as the meeting minutes of the US Federal Reserve, the balance sheet of the AI favorite Nvidia from the USA nor weak share prices on the US stock exchanges could currently upset the German stock market barometer, summarized market analyst Konstantin Oldenburger from CMC Markets.
The Dax also remained stable above 17,000 points on Tuesday. Neither upcoming events such as the meeting minutes of the US Federal Reserve, the balance sheet of the AI favorite Nvidia from the USA nor weak share prices on the US stock exchanges could currently upset the German stock market barometer, summarized market analyst Konstantin Oldenburger from CMC Markets.
The leading index ended trading with a loss of 0.14 percent to 17,068.43 points. There is currently a lack of momentum and momentum for a renewed approach to the record mark of almost 17,200 points.
The MDax of medium-sized stocks fell by 0.98 percent to 25,758.31 points on Tuesday. The EuroStoxx 50, the leading index for the Euro region, lost 0.06 percent to 4,760.28 points, while the Cac 40 in Paris reached a record high and ultimately closed slightly in the black. A small minus was recorded in London. In the USA, the Dow Jones Industrial recently fell moderately. The technology-heavy Nasdaq indices were more clearly in the red.
Heidelberg Materials gained 2.2 percent at the top of the DAX to just under 88 euros. They were helped by a positive comment from the British bank Barclays. The stronger pricing power of European building materials manufacturers is likely to last and margins will continue to rise in view of falling energy costs, expects analyst Tom Zhang and was particularly optimistic about the heavyweight Heidelberg Materials.
Bayer shares under pressure
Bayer’s investors were divided as to whether the dividend that had been cut by the pharmaceutical and agricultural chemical company the day before should be seen as positive or negative. The course went up and down. Most recently there was a minus of 0.5 percent. According to Bayer, the cuts are due to the level of debt, high interest rates and a tense situation regarding the free flow of financial resources. Analysts spoke of a necessary step so that Bayer could get its balance sheet problems under control. The stock from Siemens Energy was at the bottom, falling by 4.1 percent. One trader spoke of continued profit-taking by short-term investors.
In the MDax, the shares of Fresenius Medical Care (FMC) attracted attention with strong price fluctuations. Ultimately, the stock fell by 4.5 percent as the bottom performer. It was said in the market that FMC had not lived up to the advance praise that the dialysis specialist had received a week earlier through the figures and outlook from US competitor Davita.
In the SDax small cap index, the rapid fall of Metro shares initially came to an end. After the trading group’s paper was temporarily available for less than 5 euros in recent trading days, it has now recovered by 5.4 percent to 5.28 euros.
The euro continued its recovery from last week’s slide at an accelerated pace, trading at $1.0815 in the early evening. The European Central Bank had previously set the reference rate at 1.0802 (Monday: 1.0776) dollars. The dollar therefore cost 0.9257 (0.9279) euros.
On the bond market, the current yield fell from 2.43 percent the day before to 2.42 percent. The Rex bond index rose by 0.07 percent to 125.34 points. The Bund future gained 0.37 percent to 133.24 points.
Source: Stern
